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Cygna Labs, which gives enterprises worldwide with DDI software program that collectively types the inspiration of IP networks, introduced right now that it has accomplished its acquisition of Diamond IP, a supplier of connectivity, cloud, and safety companies, from British Telecom (BT).
Phrases of the transaction weren’t revealed.
Christian Ehrenthal will proceed as president and CEO of Cygna Labs, and Michael Dooley was named senior vp of the DDI enterprise unit, the businesses stated in a joint media advisory.
Miami, Florida-based Cygna Labs additionally gives enterprises with cloud safety and compliance IT software program. Diamond IP will add a loyal set of shoppers together with its cloud safety experience, the corporate stated.
Defining DDI networking software program
DDI is an acronym for a set of different acronyms; it stands for area title system (DNS), dynamic host configuration protocol (DHCP), and IP tackle administration (IPAM). DDI is used as a shorthand acronym to explain the combination of those three core parts of networking into one administration answer.
Enterprises use Cygna Labs’ DDI services, along with its industry-leading safety and compliance options, to detect and proactively mitigate information safety threats, go compliance audits and enhance the productiveness of their IT departments.
“Fashionable DDI methods function the center of right now’s various and hybrid networks,” Alexander Haecker, the group CEO of Cygna Labs, stated in a media advisory. “They permit constant and correct monitoring of IP tackle and DNS assignments.”
DDI market rising at a quick clip
This market is rising at a 16% annual charge, in keeping with {industry} analyst MarketsAndMarkets. The post-COVID-19 international DDI market dimension is predicted to maneuver from $400 million in 2021 to $836 million by 2026, at a Compound Annual Progress Fee (CAGR) of 15.9%.
The main components fueling the DDI market embody the rise of IoT platforms, growing BYOD development at workplaces, enlargement of current DDI options and adjoining community companies, and vital adoption of virtualization by organizations, the analyst stated. Furthermore, the growing want for IPAM and the arrival of IPv6 present profitable alternatives for DDI distributors are different components, M&M stated.
The ecosystem of linked gadgets witnessed a surge because of the COVID-19 pandemic, and DDI demonstrated its added worth on this more and more linked market, M&M stated. Almost all folks working from dwelling required networks to be extra resilient for functioning correctly, fueling the necessity for environment friendly DDI options and companies. Therefore, the rise of IoT platforms acted as a driver for the DDI market, the analyst stated.
Cygna competes in a market that features Alcatel-Lucent, BlueCat Networks, Cisco Methods, Incognito Software program Methods, BT Group, Infoblox, SolarWinds and TCPWave. It’s thought-about among the many largest suppliers of DDI ware on this planet.
“The closing of this acquisition brings us one step nearer to realizing our mission of offering a seamless method to safety and compliance options,” Ehrenthal stated. “We sit up for this subsequent chapter as we proceed our ongoing development trajectory.”
